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Thyssenkrupp AG (TKA.XE) is planning to invest in a new production line at its Dortmund plant that would nearly double the site's total output and boost its production of automotive-grade steel, according to papers published in a local government gazette on Saturday.

Thyssenkrupp AG (TKA.XE) said Thursday that it swung to a loss in the third quarter and set new mid-term earnings and sales targets for its units. The German industrial conglomerate posted a group net loss of 131 million euros ($152.0 million) compared with a net profit of EUR120 million a year earlier.

Elliott Management Corp. has asked Thyssenkrupp AG (TKA.XE) to distance itself from remarks made by former Supervisory Board Chairman Ulrich Lehner during an interview with Germany's Die Zeit in which he denounced the behavior of activist investors, according to a letter made public Thursday.

Thyssenkrupp AG (TKA.XE) said Friday that Chief Financial Officer Guido Kerkhoff will serve as the company's new chief executive until the supervisory board finds a permanent candidate to replace former CEO Heinrich Hiesinger.

Thyssenkrupp AG's (TKA.XE) supervisory board accepted Chief Executive Heinrich Hiesinger's resignation on Friday, saying the management board would continue its work without him while a successor is sought.

Shares in Thyssenkrupp AG (TKA.XE) rose Friday after Chief Executive Heinrich Hiesinger submitted his resignation late Thursday, sparking hopes of a change in direction for the German industrial group.

Thyssenkrupp AG (TKA.XE) Chief Executive Heinrich Hiesinger has requested the board to accept his resignation, the German industrial group said Thursday. In a short statement, the company said its supervisory board would consider Mr. Hiesinger's resignation on Friday. The resignation comes less than a week after Thyssenkrupp reached an agreement to merge its European steel operations with with Tata Steel Ltd (500470.BY).

Thyssenkrupp AG (TKA.XE) said late Friday that its board approved its joint venture with Tata Steel Ltd (500470.BY). The German industrial giant said that in the event of an initial public offering of the joint venture, it will receive a higher share of proceedings, reflecting an economic ratio of 55 to 45.

--Thyssenkrupp's supervisory board will discuss the planned merger of the company's European steel operations with Tata Steel on Wednesday, Handelsblatt says, a transaction that has faced criticism from shareholders.

--Thyssenkrupp AG (TKA.XE) is considering a full or partial sale of its shipyards business, which is part of the Thyssenkrupp Marine Systems unit, German daily Handelsblatt reported citing company sources.

(Adds background on Elliot's investor activism in Europe) Elliott Management Corp. said Thursday that it holds a significant stake in industrial group Thyssenkrupp AG (TKA.XE), heralding the latest in a string of corporate battles the activist investor has waged across Europe. Elliott Advisors, the U.K.

Elliott Management Corp. said Thursday it holds a significant stake in German industrial group Thyssenkrupp AG (TKA.XE), but remains below mandatory disclosure levels. Elliott Advisors, the U.K. arm of activist investor Elliott Management, announced the news, after reports earlier this week suggested Elliott might disclose a position in the company higher than 3% or 5%.

--Activist investor Elliott is building a stake in Germany's Thyssenkrupp and would like to replace Chief Executive Heinrich Hiesinger, Bloomberg reports, citing unnamed sources. --Elliott may cross the threshold of 3% or 5% in the coming weeks, and would then have to disclose its position, the sources said, according to Bloomberg.

Australia’s BlueScope Steel is considering investing in the U.S., in the latest example of companies expanding production or restarting idle mills to make up for imports being priced out of the market.

Australia’s BlueScope Steel is considering investing in the U.S., in the latest example of companies expanding production or restarting idle mills to make up for imports being priced out of the market.

Thyssenkrupp AG ADR

ThyssenKrupp AG engages in the production of steel. It operates through the following segments: Components Technology, Elevator Technology, Industrial Solutions, Materials Services, Steel Europe, and Corporate. The Components Technology segment offers components for the automotive, construction, and engineering sectors as well as for the wind turbines. The Elevator Technology segment constructs and modernizes elevators, escalators, moving walks, stair and platform lifts, and passenger boarding bridges; and installation. The Industrial Solutions segment is an international supplier in special and large-scale plant construction as well as naval shipbuilding. The Materials Services segment distributes materials and provides complex technical services for the production and manufacturing sectors. The Steel Europe segment involves in the flat carbon steel activities such as materials solutions and finished parts. The Corporate segment refers to the head office; and the performance of processes in accounting, information technology, real estate and human resources, as well as special units for the management of the real estate operations. The company was founded on March 17, 1999 and is headquartered in Essen, Germany.
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